Accounting firms are more vulnerable than ever to cyber threats. With sensitive financial data at stake, ensuring robust cybersecurity measures is not just a regulatory requirement but also a cornerstone of client trust and business continuity. This guide outlines the cybersecurity essentials every accounting practice must implement to safeguard client data effectively.
Why Cybersecurity Matters for Accounting Firms
Accounting firms handle vast amounts of sensitive information, from social security numbers to financial records. A breach can result in:
Financial Loss: Cyberattacks like ransomware can lead to significant monetary damage.
Legal Penalties: Non-compliance with regulations such as GDPR, SOX, or PCI DSS can result in hefty fines.
Reputation Damage: Losing client trust can have long-term repercussions on your firm’s credibility.
Key Cybersecurity Practices for Accounting Firms
Understand Your Threat Landscape
Cyber threats like phishing, ransomware, and social engineering are common in the financial sector. Stay informed about emerging risks and trends.
Train Your Team
Educate employees on recognizing phishing attempts, safe browsing habits, and secure data handling practices. Human error remains one of the leading causes of breaches.
Comply with Regulations
Ensure compliance with industry standards like GDPR and SOX by implementing necessary controls and documenting your cybersecurity measures.
Implement Access Controls
Limit access to sensitive data based on roles. Use multi-factor authentication (MFA) and encryption to secure files and systems.
Use Reliable Accounting Software
Invest in software with strong encryption, automated security features, and compatibility with your firm’s processes. This ensures both efficiency and security.
Regular Backups
Maintain encrypted backups of all critical data to mitigate the impact of potential breaches or system failures.
Secure Your Network
Use firewalls, antivirus software, and endpoint detection systems to protect your network from unauthorized access.
Patch Management
Regularly update all software and systems to close vulnerabilities that hackers could exploit.
The Role of Professional IT Support
While implementing these measures is essential, managing them effectively requires expertise. Partnering with a trusted IT service provider ensures that your cybersecurity strategy is robust, up-to-date, and aligned with your business needs.
Why Choose Farmhouse Networking?
Farmhouse Networking specializes in providing tailored IT solutions for small to medium-sized businesses, including accounting firms. With years of experience in cybersecurity, network maintenance, and compliance support, we ensure your firm is protected against evolving threats while maintaining operational efficiency.
Don’t leave your clients’ data vulnerable to cyber threats. Contact Farmhouse Networking today to develop a customized cybersecurity plan that protects your firm’s integrity and builds trust with your clients. Let us help you focus on what you do best—managing finances—while we handle your IT needs!
Businesses of all sizes face unprecedented cybersecurity challenges. Blackpoint Cyber emerges as a leader in providing comprehensive, cutting-edge solutions to protect organizations from cyber threats. Let’s explore why Blackpoint Cyber stands out as the premier choice for business cybersecurity.
Comprehensive Ecosystem of Security Solutions
Blackpoint Cyber offers a fully managed, integrated ecosystem of services centered around their powerful nation-state-grade Managed Detection and Response (MDR) technology. This ecosystem is designed to keep businesses ahead of potential threats by proactively understanding the threat landscape and actively neutralizing adversaries before they can cause harm.
Managed Detection & Response (MDR)
At the core of Blackpoint’s offerings is their purpose-built MDR technology. This solution combines network oversite, malicious activity detection, and endpoint security to rapidly identify and neutralize hacker and virus activities in their earliest stages. By harnessing data around suspicious events, hacker tradecraft, and endpoint activity, Blackpoint’s MDR can stop advanced attacks faster than any other solution on the market.
Cloud Response
With the shift to hybrid and cloud environments, Blackpoint’s Cloud Response extends the power of their MDR service to these critical areas. Their 24/7 Security Operations Center (SOC) actively monitors cloud environments and provides fast responses to threats on platforms like Office 365.
LogIC
LogIC enhances the value of security logs and data collected from networks, turning them into real-time threat hunting and response capabilities. With push-button setup, LogIC allows for quick addition of log sources, generation of compliance reports, and automatic mapping against hundreds of compliance requirements.
Unmatched Threat Awareness and Response Times
Blackpoint Cyber’s proprietary security operations and incident response platform, SNAP-Defense, enables continuous monitoring and response to modern threats. Their SOC, established by former US government cybersecurity operators, leverages deep knowledge of hacker tradecraft to provide 24/7 unified detection and response services.
The company boasts impressive response times, with an average of 7 minutes for cloud incidents and an overall average of 27 minutes. This rapid response capability is crucial in minimizing potential damage from cyber attacks.
Tailored Solutions for Businesses of All Sizes
While Blackpoint Cyber’s technology is enterprise-grade, they specialize in bringing these advanced solutions to small and medium-sized businesses through partnerships with Managed Service Providers (MSPs) like Farmhouse Networking. This approach allows businesses of all sizes to benefit from top-tier cybersecurity protection.
Continuous Innovation and Growth
Blackpoint Cyber continues to invest in growth and innovation. With a recent $190 million investment round and the appointment of industry veteran Manoj Srivastava as Chief Technology and Product Officer, the company is poised for further advancements in their product strategy and technology.
Blackpoint Cyber’s suite of solutions offers businesses a robust, proactive approach to cybersecurity. Their technology, combined with human expertise, provides a level of protection that’s essential in today’s threat landscape.
Ready to elevate your business’s cybersecurity with Blackpoint Cyber’s cutting-edge solutions? Contact Farmhouse Networking today to manage your cyber security needs and implement these powerful tools. Don’t wait for a breach to happen – take proactive steps to protect your business now.
Safeguarding your business data is paramount. Cyber threats are ever-evolving, and data breaches can have severe consequences. To fortify your business defenses, consider implementing the following security and encryption tools:
Operating System Encryption
Encryption is the process where normal data is transformed into something unreadable without the keys unlock it. Windows has encryption built in using BitLocker software in conjunction with modern hardware to keep data safe on physical hard drives. In case a computer is stolen or lost the data is unreadable (assuming the password protecting the computer is strong).
Virtual Private Network / Zero Trust Network Access
Whenever employees are remote or working from home they need to be able to connect to company resources without endangering company data. This is best done through Zero Trust Network Access (ZTNA) which is the next-gen replacement for the older virtual private network connection ZTNA assumes that all connections are threats unless proven otherwise and those who are connecting must have their computers tested to make sure they are safe. This approach also only allows users to connect to the resources that are specifically needed to function.
Antivirus / Extended Detection and Response
One key to staying cyber secure is to recognize and repel threats before they do any damage. Utilizing AI and automation extended detection and response (XDR) is the modern replacement for antivirus. It is able to detect behavior patterns that malicious software and hackers use when attacking your systems then automatically undue any changes they have made.
Email Encryption and SPAM Filtering
When sending sensitive data via email it is now the standard to send it via encrypted channels with each message also being encrypted. Most companies that provide encryption also provide SPAM filtering which keeps phishing, spoofing, and malicious emails from targeting employees. This is often the most effective means hackers use to gain a foot hold in networks.
Backups
There will inevitably be times when hackers are able to breach even the best defenses, so the only recourse at that time is to have good backups in multiple locations to recover once the attacker is repelled. Without good backups many companies have had to pay ransoms and hope for a response or go out of business.
Remember, data security is an ongoing process. Combine these tools with user education and strong password practices,. Stay vigilant, adapt to new threats, and invest wisely in protecting your digital assets and reputation. Call Farmhouse Networking to advise you on how to best secure your business.
EDR provides SMBs with real-time endpoint monitoring, automatic threat quarantine, and rapid incident response to minimize breaches.
Cybersecurity is more important than ever. Cyber threats are evolving and becoming increasingly sophisticated, making it essential for small and medium-sized businesses (SMBs) to protect their sensitive information. One crucial tool in the cybersecurity arsenal is Endpoint Detection & Response (EDR). In this article, we will explore why SMBs should prioritize EDR and the benefits it brings to their cybersecurity posture.
Understanding Endpoint Detection & Response
Endpoint Detection & Response (EDR) is a proactive cybersecurity solution that focuses on detecting, investigating, and mitigating advanced threats at the endpoint level. Endpoint refers to any device connected to a network, such as laptops, desktops, servers, or even mobile devices. EDR solutions monitor endpoints in real-time, collecting and analyzing data to identify and respond to suspicious activities or potential security breaches.
The Rising Threat Landscape for SMBs
SMBs often mistakenly believe that they aren’t attractive targets for cybercriminals due to their size. However, the reality is quite different. In fact, SMBs are increasingly being targeted by cybercriminals because they often have fewer resources dedicated to cybersecurity, making them an easier target. According to recent studies, nearly half of all cyberattacks target SMBs.
Moreover, the consequences of a successful cyberattack on an SMB can be devastating. From financial loss to reputational damage, the impact can be significant, and in some cases, even cause businesses to shut down. This highlights the urgent need for SMBs to invest in robust cybersecurity measures, such as EDR.
The Benefits of Endpoint Detection & Response for SMBs
Real-time Threat Detection: EDR solutions provide continuous monitoring of endpoint activities, enabling real-time threat detection. By analyzing behavioral patterns and indicators of compromise, EDR can quickly identify potential threats, allowing businesses to respond promptly and mitigate risks before they result in data breaches or system compromises.
Improved Incident Response Capabilities: EDR not only detects threats but also provides valuable insights to aid in incident response. It records endpoint activity logs, allowing security teams to investigate incidents, identify root causes, and take appropriate action to contain and remediate the threat effectively.
Visibility and Control: SMBs often struggle with limited visibility into their IT environments. EDR solutions provide deeper visibility into endpoints across the network, allowing IT teams to identify vulnerabilities, enforce security policies, and ensure compliance with regulatory requirements.
Proactive Threat Hunting: EDR empowers SMBs to take a proactive approach to cybersecurity by actively hunting for potential threats. By leveraging advanced detection techniques and threat intelligence, EDR can identify and mitigate emerging threats even before they have a chance to impact the organization.
Simplified Security Operations: Automating threat detection and response processes frees up valuable time for IT teams, enabling them to focus on other critical tasks. EDR solutions can automatically contain and remediate threats, reducing the burden on IT staff and improving overall efficiency.
Overcoming Challenges in Implementing EDR
While EDR offers immense benefits, implementing and managing EDR solutions can pose challenges for SMBs. Common obstacles include limited budgets and resources, the complexity of deployment, and the need for ongoing monitoring and maintenance. However, by partnering with a reliable cybersecurity provider, like Farmhouse Networking, that understands the unique needs of SMBs, these challenges can be overcome and the full potential of EDR can be realized.
It is not a matter of if you will be targeted, but when. Let Farmhouse Networking take proactive steps to secure your endpoints and fortify your cybersecurity defenses with EDR.
Every modern business has one thing in common – the internet.
Businesses are using computers, smart phones, tablets, etc. to connect to the internet for research, shopping, advertising, or any number of things. With a connection to the internet comes the need for routers, switches, wireless, and other network hardware to distribute internet connectivity across the company. There are malicious people on the internet that are setting traps and trying to break into companies which necessitate the use of tools like antivirus, internet filtering, spam filtering, and other protective measures. There are also people who work from their homes and need to have a way of tunneling safely into the network to use the resources there.
All of this has to be managed by someone in the company or you can contract with a managed IT service provider.
If your company needs help managing all the things connected to your internet, then contact us for assistance.
This is the eighth in a series about the concept of Zero Trust, which means in the IT sense that you trust nothing and always verify everything surrounding and connected to your network. Today’s discussion will be on Application Whitelisting.
Application Whitelisting
Application Whitelisting is a process of determining which software programs the company absolutely needs to do business, marking them as safe, and blocking any other program that tries to run on company computers. This methodology has the distinct advantage of blocking almost all forms of malware on computers. Pairing this with a good next-gen antivirus creates an impenetrable wall against malware threats. It also prevents users from accidentally or intentionally running something that should not be on company computers. Here are some questions to ask:
Do you know all software on your computers?
Do your users spend time on company computers listening to music?
Have any of your users ever downloaded software without asking?
Do you have a computer use policy? How is that enforced?
If your company is wanting to lock down what is running on company computers, then contact us for assistance.
This is the sixth in a series about the concept of Zero Trust, which means in the IT sense that you trust nothing and always verify everything surrounding and connected to your network. Today’s discussion will be on endpoint security.
Endpoint Security
Endpoint security is a fancy term used to describe how the computers on the network are protected. This used to be done by antivirus but due to the complexity of the attacks hackers are using to compromise networks these days, the definition has expanded greatly. This now includes things like Enhanced Detection & Response software, Security Operations Centers, DNS Filtering, employee train and more. Here are some questions that you should be asking yourself:
Are your endpoints protected by antivirus or enhanced detection & response?
Is website traffic being monitored? Restricted?
Are your employees being trained in cyber security?
Are computer logs being monitored for malicious activity?
Would unusual or suspicious activity on a computer be noticed? Alerted on?
Do you have security permissions set on all file shares?
Do you have least privileged access configured on those shares?
Do you keep track of what software is installed on all workstations?
Do you block access to unauthorized software?
Are files encrypted on servers and workstations?
Are your mobile devices managed? Can you wipe them remotely?
Are USB ports blocking removeable storage devices?
Are endpoints set to automatically log-out?
If your company is going to use full disk encryption or has compliance requirements that you need consulting for, then contact us for assistance.
We caught wind of two separate actions the US has taken against Cyber Threats from Russia over the weekend:
Kaspersky
The first is news that the US Federal Communications Commission has added Russian cybersecurity company Kaspersky Lab to its list of entities that pose an “unacceptable risk to US national security,” according to a report from Bloomberg. This company has been banned from use by government agencies since 2017 when a bill was signed due to the companies ties to the Kremlin.
Russian Hackers
The second article was a press release from the FBI stating that:
“The Department of Justice unsealed two indictments today charging four defendants, all Russian nationals who worked for the Russian government, with attempting, supporting and conducting computer intrusions that together, in two separate conspiracies, targeted the global energy sector between 2012 and 2018. In total, these hacking campaigns targeted thousands of computers, at hundreds of companies and organizations, in approximately 135 countries.”
This hacking activity should be another wake-up call to American businesses to harden their defenses and remain vigilant against cyber security threats. These people are nationally sponsored criminals and we must protect ourselves.
If your company is currently using Kaspersky or any other Russian based vendors, then it is time to carefully consider whether to continue being connected with them and contact us for assistance migrating to a trusted source.
Security researchers performed penetration testing on the networks of 45 various mid-sized companies and found that in real life scenarios 93% of those networks were able to be compromised to the point of business disruption. Here are the details:
The Target
The 45 companies were polled to determine what would be an unacceptable business interruption. They decided that the following met that criteria:
Disruption of production processes
Disruption of service delivery processes
Compromise of the digital identity of top management
Theft of funds
Theft of sensitive information
Fraud against users
These became the target for the penetration testers.
The Process
In order for the penetration tester to achieve their target, they followed the following process:
Breach the network perimeter – This was done by the use of compromised passwords found on the Dark Web and know vulnerabilities on devices that were directly connected to the internet
Obtain maximum privileges – In 100% of the networks, once an attacker was inside the network
Gaining access to key systems – With maximum privileges, the testers are able to gain access to other areas of the network including databases, executives computers, and production servers
Develop attacks on target systems – Once key systems are compromised the testers then figured out how to create the unacceptable business interruption. Although they could have created these interruptions, they only gathered proof that they could to present the data to the companies.
How to Defend
There are a couple main ways to defend against these kinds of attacks:
Security Controls / Segmentation – Creating least privileged access to key systems and segmenting the network will keep hackers from traversing the network once inside
Enhanced Network Monitoring – Modern cyber security tools watch activity and traffic on the network to find indicators of compromise. They pool this information into an attack history that can be used to remediate and further protect.
Your company is not as safe as you think, so contact us for free initial cybersecurity evaluation and risk report. .
Nobody wants to be hacked, breached, compromised, or whatever else they are calling it now. Here is a quick list of things to think about to keep your company safe:
Compromise Prevention
Keep track of your inventory, both software and hardware.
Make sure to properly dispose of these things (recycle or responsible destruction)
Scan your network for vulnerabilities
Patch or remediate everything you find
Manage your antivirus & keep it up-to-date
Keep your passwords complex & safely stored
Remove all users / accounts when no longer in use
Look at best practices to harden your computers / network to attacks
Monitor your network for strange activity (indicators of compromise)
If your company is concerned about security, then contact us to take care of it for you.
And God will generously provide all you need. Then you will always have everything you need and plenty left over to share with others. As the Scriptures say,
“They share freely and give generously to the poor. Their good deeds will be remembered forever.”
For God is the one who provides seed for the farmer and then bread to eat. In the same way, he will provide and increase your resources and then produce a great harvest of generosity in you. - 2 Corinthians 9:8-10
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